the price of Steem is largely market driven. I also find it interesting that you and many others refer to Steem like some entity that has a board meeting to decide what it's going to do next.
The upside to a platform like Steem is the freedom for others to pursue diverse paths on the platform. The downside is identifying and resolving problems with the direction of the platform is slow and takes a collective will. A will that seems to be sporadic at best. Part of that slowness comes from there not being a community wide consensus of what works and what doesn't, even by those who are engaged and interested.
Not everyone agrees self-voting is a problem while some think that even the smallest account self-voting is evil. Some see the use of bid-bots or vote selling the same way. There are those on this platform will zero respect for those who create content or for that matter even realize that the platform needs content in multiple forms.
Our diversity is both our strength and our weakness.
Many like to complain about what they perceive as problems yet don't seek to find ways to contribute toward the solution (speaking generally here). While others will announce that the consequences of their own behaviour is a failing of the platform.
People are messy, community is messier.
I just find it really fascinating that as the markets drop the negative takes on a higher importance than when the markets are higher.
interesting points... I do realize there's no board, but I do believe the top stakeholders communicate among themselves. I may be wrong, but it seems like the power at the top is concentrated and decide who the witnesses are. So if that's the case, you'd think they would be interested in the witnesses policing bad behavior on the platform. (whatever they determine it is)
But I've also heard the theory that everything is just where they want it to be. That if the few at the top keep their power concentrated, then they can move it up and down at their will. I don't know the truth, but happy to have your thoughts on the subject... so thank you for the replies!
not sure that they can move it up and down as they wish ... or they would not be taking the hosing they have been recently. There be some pumping to allow for dumping. That hasn't been happening. Some of those larger stakeholders bought in during the last bull run, so they need to back up.
The larger stakeholders do some communicating but I see no indication that it is in any organized manner that they'd actually reach some consensus .. for the most part there are factions who pursue their own self interests while complaining about others who pursue their self interests
Basically.. people peopling as they always have
lol... love the last point! So true :)